HONGKONG STOCK EXCHANGE
by
Dus Own Correspondent
at the Hong- Business done kung Stock Exchtage this mom- ing amounted to approximately Noun $2,570,000.
quiolations
and the morning's transselions:
палицы
Buyers Reilers
11 Bak..
1540 1350
41.36
124
Lombard
Union XD.
Waterbuat Wheelock
120
Hair 201315
102 135
500 129
27 1000 27 24.30
5.00 1000 11 2,00 11.00
TIM Dock
200
100
21% 21,70
J'ruvident
1 Hotel
HK Land
Yetisati
In
::
Buแบส
Trom
C. Light
Itts
1500 8,00
1000
4090.95
110008.0
1000 de 8,90
10000 $85
000107
100 107 500 4 21,70
2000 * 21,20
500 21.60
424 425 1800 4214
1000 860
300 #001 -143006
100015 1100 or 06 100 00
100 6 32
in if 24.40
600 a 23.70 9500 24 15K 24.20 4000 24,50 4000 6424,43 4000 $430
7000 24.20
2000 24.20 200 24.30 200 24.30
THE CHINA MAIL, FRIDAY, NOVEMBER 11, 1960.
WEEKLY REPORT ON THE
HONGKONG STOCK EXCHANGE
London
A FAVOURABLE TREND stocks
U.S. election
had little effect
The result of the American presidential
elections did little to change the upward trend of the Hongkong stock market during the week.
There were increases in the done and volume of business prices of moɛt stocks,
The market in expected to colt- tinue steady unfil America's President-elect Mr. John Ken nedy takes over office in early January, 1981,
have
Many stock brokers taken bis eletion with optimism. They believe that his paletes will have a favourable effect Hongkong's economy is a whole,
hesitant Buyers were very and there Was e trading soon after the opening of bui- ness yesterday morning the 21328.90 day after the Amerlens election
11K Plec.
21.70
20 1140 2320
HRT.
Coment
Dairy
30 30
994129,79
100 21.tu 500 i 2000O
2160 38
RIS
19.70
32 19.60
43
50 01
100 o 50ly
500 12
800
500 M32
Watson
Textile
30 31 1000 30
100
300 + 31
*
005 2000
437 M 0.90
10000 9.05
Nanyang ...
15.20 15 50
Anal. Rub.
sher Trust X.D.g Talkoo Dock
Resity
1 Ga...
Int. J
1.K. & PE.
sent. Guman..
imphreyn
Kura
LIK.10
result. Bu AS the day prʊ-
gressed, business quickly picked
up and closed arm,
up by 50 cents at $28.10; Tele- phones gained 25 cents at $30%.
Wheelocks gained Shipping: 05 cents at $8.75.
Decks, Wharves and Godjowns: quoted Hongkong Wharf was nominally at $244, n rise of IO buyer price; over last week's Docks gained $2 at $100: Talkco Docks lost 50 cents at $64; Pro- vidents were steady at $21.63;
Lands. Hotels and Buildings Hongkung Hotels lost 25 cents at 54% Leads rose by $2.50 at $66; Realties gained 2.5 cents
at $1.90.
Industrials: Cements increased by $1 at $56.
Stores: Dairy Farms gained 75
HK Bank Lombard
Unlon Wheelock HK Wharf
Nov, 10 3340
41%
:
Down
The share market
at
a glance ★
Tip or
Dividend
Okl. 13
Oct. 20
Oct. 27
Nov. 3
& Bonus
Yield (%)
1230
1290
2310
1315
+$25
B4%
3,0
37
3740
39
4146
steady
$2
籮
104
123
125
125
135
nieadly
$3.60
2.5
R
7.00
7.65
8.10
8.75
+ Güc
400
7
2366
242
2326
2316
24419
t
+$10
$B
1.2
HK Docks
100
108
108
106b
108
++$2
sto
0.2
Talkos Docks
64
€33%
0214
0416
64
50c
$2.80
4.4
*
Provident
22
21.80
2114
21.00
21.00
steady
$1.20
5.0
HK Hotels
4314
421⁄4
4134
42
424
-28c
$2.76
0.2
HK Lands
62
62
-4114
0314
60
+12.50
$2.40
1.00
1.90
1.875
1.875
1,00
42.50
13,760
HK TramN
32/
3134
3194
3144
324
+50c
$2.05
Star Ferry
174
177
173
1726
173
+$1
$5.60
Yaumatis
102
102
102
102
103
$8,50
Ch Light
2314
23.60
23.40
24.20
24.90
+700
$1.10
Electrics
28.60
28.00
28.40
28.00
29.10
+50c
$1.70
IK Telephone
3614
36
354
36
301
4-250
$1.75
-
G. I. Cement
67
50
55
5544
5634
$1
$4
30:
314
31%
3105
3254
+750
$1.85
27.10
27.80
29
3014
31
+750
$1,50
41
41
41
41
+250
$2.75
6.45
8.00
A.706
8%
8.85
+360
75c
8,0
辉
6,208
5.800
0,15%
8.90
-250
$1
14.40
14.10
14
14.70
1414
-200
90c
8,70
8.85
8
8.85
8.95
+100
80c
- 14.70
144
'15
+-50%
$1.10
HK Really
Dairy Farm
A. B. Watson
Lane, Crawford
Int'l Investment Alfled
HK & FE Iny
Textile Corp
Nanyang
142
142
40-4b
Wall Street shows big gains
New York, Nov. 10.
cents at $122: A. S. Watsons Stocks rallied sharply in the closing minutes today
went up by 75 cents at 531: Lane Rained 25 cents et Crawfords
$41.
Investments: Internationals geined 35 cents at $8.85: Allied declined 20 cents at $144.
A feature of business was the
increase
Banks sustained
$1315 lant Cottons; Textiles gained 10 which leapt from Thursday in $1,340 yesterday cents at $8.95; Nanyang gained
50 cents at $15. (closing "gures).
turnoveri The *tpproximate for the week from last Friday to yesterday
$20,210.000 was with $10.300.000 for compared the same period of the previous Wheelocks-continued to la 15.40
A total of 81.450 big attraction, 15.30 (5) shores at $8.55, $8.00, $1.65, $8.70 and $8.75 were transacted yesterday,
100 2 1.05
10:00 ur 13 20 1000 15.30 week.
3000
400
1 BUTO -3.20
7.43 1.60 03
1.83 1915 20500
14.00
10001
1.875
13000
1.97
15 1000
100
14.20 15
1300
14.00
$414,20
2.13 2.20
24.10
Star Ferry 172
Rope
Múcao Elec.
Lo, Craw 401
174
500 + 1460 10302,20 1000 20.20
Exchange rates
Business
Lands showed a good increase at S60 (up to $2.50).
Watsons and. Lights also con,
Market diary Friday: The market kent farm the day and with throughout
the exception of China Lights and Wheelocks which improved to $24.50 and $8% respectively, all others remained practically The approximate unchanged.
Divi- turnover was $3,015,000. finued to increase.
dend and bonus announcements The Board of Directors of
the
Wheelock, week! China Light and
during Power "Com- pany Limited announce today Marden and Company 60 centi
per shore. that at the next annual genera) meeting they will recommend a final dividend of 60 cents per shore, making a total of $1.10 ended per share for the year September 30, 1860,
Comparative closing show the following
Banks
Agures
Hongkong Bank in- creased by $251 $1,340.
Insurance Unians remained
was done in the local steady at 3125; Lombards were
uantielal exchange market this steady at $411⁄2.
muming at the following rules:-
US. dollar (per #1)
Sterling notes (per £1) Australian notes per £1)
Siam ticals (per 100) Singapore Straits)
Indonesian rupiak per 100
60
Monday: The market opened the week quite briskly. Interest
centred being chiefly
The Wheelocks and Lights. former were done at $8,40 anel
this figure. closed at
while useful gains Lights registered
on some unconlrmed reports of Some late profit- future plans. taking caused a slight drop at the end of the day's trading, The but the net gain was $1. market rem:ined strong until cents at $32: Star Ferries rose by $1 at $173: Yaumatis gained the close and the day's turn- was approximately $1 $103: Lights gance 70ver 1.69 cents at $24.90: Electrics moved $3.600.000,
6.65
15.0
gained Utila Trams
NOTICE
CHINA LIGHT & POWER CO., LTD.
NOTICE TO SHAREHOLDERS
The following is an extract from a letter dated 20th January, 1960, from the Acting Colonial Secretary to the Company:----
11
I am directed to refer to the Report of the Electricity Supply Companies Commission which has been published to-day.
П
Tuesday: The market opened seleclive but strong. Lands and Banks were in demand and both rezistered gains in response. Wheelocks advanced still further Utilities after yesterday's rise. were popular but failed to es- tablish
trend. particular buyers and sellers being roughly balanced. Later in the day In- widely terest became more spread and remained very strong The approxi- up to the close. male turnover was $5,545,000.
Wednesday: The market was
particularly brisk in this half day's trading. The predominance of buyers over sellers for Banks sent the price up to $1.346. up further while Taikoos
steady. were
the
"2. I am to inform you that, should Government Wheelocks went introduce legislation to control the operations of, Lands increased still further un or acquire the assets of your Company in brisk demand, and both consequence of the Report, there would be included Electric companies were irregu- in such legislation provisions relating to the lar over a very small range in price. Among the stores. Dairy distribution of dividenda and safeguarding of assets Farms were the only shares, to during the period from the date of publication of attract attention. the Report to the date of imposition of control, or generally closed very strong in- of acquisition of the undertaking operated by your dicating that the recent Trend Company.
"3. As regards dividend distribution, I am to inform you that the legislation would provide:
The market
continues. The Lurnover was tpproximately $3,300,000.
Thursday: The market open- ed hesitantly which might be few but the expected as very
tho morning session
to stretch a mild gain into a substantial in-
crease.
Boldwin-ma-Ham,
Butimore & Ohio
The lape lagged at least two | Atlas Cons. Mining minutes behind transactions as the entho list surged forward what brokers characterised. na "Kennerly en masse under market."
they
A
nk nt Mentrea Bank of Nova Scotia Beech Life Savers.. B.C. T. Ch
accounting for Apparently
buying wave Fast minute were reports of substantial gov-Bethlehem Steel "för"desthue | Böcing Airplane ernment spending unticipated in the new Kennedy Burden (The) C...
Burrouglu Add Machine British Amer. Ou caninistration and other eceno- male etunges.
Contributing to the eighth consecutive stock market gain was Dupont up around 7: Texus Instruments 7; IBM 0: Alcon 2; International. Youngstown 3: Paper 2 Heinz 4; Universal Match 3 General Tyre 3: Haves over 1: AMP 2; Piper 23
2. and qver General Electric American Motors round point.
and a few glis Gold shares appeared the only losers.
Today's volume was 4,030,000 shares.
Continental Can
18.333333333333
7.3
late buying wave
Husamon Refrig.
Imperial O
Imperial Tobacco
Ingersoll-Rand
Sheft Ol Co. Safeway Stores Saint Leg Paper
Schenley Inc.
Scok Paper
Siegler Corp.
Sinclair Dif
3344 Smith, Kilne & French
Pacille Cu
Southern Railway
Sperry Rand
Studebaker-Packard Corp.
steady
London, Nov. 10. The stock market closed to- day on October's record steel
and production
Wall Street's good over-
night showing.
Steels and motors led a fractionally higher Industrial
list.
Gold mining stocks Nnished with declines outnumbering guins. Coppers were higher and Dos 8131
rote's
Olls improved. Rubber issues were steady, teas dull,
Gift-edged fecuritien met demand on lower bank expectations following the cul In the Gerana discount rate.
Chinese bonds advanced ap- parently en hopes of an im- provement in U.S.-Chimpse re- lations. Dollar stocks higher.-UPI,
Closing prices
were
British Government Seruelties 21%, Consolidated-24BY, a Conversion
60-7/10..
3. Savings 1958/03–200.
Bayings 1000/707834 3. Savings 1995/75-C71-15/10.
Banks & Insurance
Barclays Ord-08, 3d. Chartered Bank-48 d. Hongkong Bank-£4. Lloyds Bank-75%
Lombard Banking Orde. Union Insurance—£7-20/34,
DU Burmah 01-79% Bd. Royal Dutch-C12-5/13,
steels Engineering Babcock & Wilnox Ord34» <ljd. United Steel-66 34 Vickers Ord- 734.
Industrials
Asoc. Elec, Industries43x 6d. Amor, Portland Cement-sá3 14. Boardman, Marden Ord--5, 150. British Motor_Ord-16__1015α, Costs
Court 4 P.) O.
Ord-408 3d.
De La Rue Ard-Gas [], Dunlop Rubber Ond--228 4150. Elee. & Mus Industries ANGEL Ford Motor Ord-30o 4.
_Dramga_cd. Gilman-Holdings Ju Great UnivATESÍ
- Hawker Siddeley Ord-30g Od.
Imperia: Chemical Ord-71 d.
Ord-103: Marks&Spencer "A"
17
1219
20
Kaho Power
301%
30440
1214
#7
40
3014
2712
Inland Steel Co:
002
Dell Telephone Beneficial Finance Beux. Aion Corp. Benguet Gens.
Interchierical Corp.
ABRA
Int Business Machiien
54053
Sucony Mobil Oil
381
Int Harvester
43
GUS
Bal Puerto Rico Suga?
TER
International Nickel
Southern Co. (The)
4151
International Paper
1001
Southem Natural Ga
2014
--301
Inti Tel & ṛich w
Johns-Manville Co.
Kuiser Industries
Kansas C. Pawer & Light
20
55
British Columbia ice.
56%
Kennecutt Copper
31
Standard Oil of Cal Standard Oil of Ind.
4034
Standard Ol of NJ.
Coat. Packing Corp, Campbell Soup Co.
3112
Kimberly Clark ..............
73%
Liggett & Myers Tob. Co.
404 Steel Co. of Canada
061%
Bi
82 Steep Rack
Canadian Pacine R. Case 45 L) Co dar. Traster Celanese Corp CT. Financial Corp. Chase Manhat. Banic Chrysler Motor Cut Peabody
221
Lily Tulip
Litton Ind.
Sterling Drug Co.
01
Stakely-Van "Camp.
11
Loetheed Aircraft
274
| Stone & Webster
531
Loews Incorp,
221
60%
Lone Star Cement Co.
3515
Sunshine Mining
Lorillard P .....
38
Swift & Co.
57:20
Lowenstein di Seas.
10
Texne Co.
McDermott J. Muy
20% Textron Ine.
gate-Palma Ive Co.
Colombian Cerbon Co
4011
McDonnell Alterati Merek
Thioxol Chein.
AT
Tide Water Oil
2
Commercial Credit
CO
Mesabi fron Corp.
ar
The Int
Corning Glass Works Cenaclidad Edison Consoleated Paper Ceruum Gos
171
Minnesota Mining
GP
Traders Finance
6915
Misalon Developriient
2012
Tavelers ins.
Warranta
40
Moisons Brewery
༡༣༥༤
Monsanto Chemical Co.
433+
142%
*
Montecalini
Centinental Of of Del. Cremi Pet
1415
Montgomery Ward
2416
Union Ol of
Union Carbide
Twentieth Century Fox Film
Cal
Motorola Ine.
744
30
| National Biscui Co.
INS
40
Crown Zellerbach
National Cash Reg. "A"
47
Ciban Amer. Sugar Delaware & Hudson Co.
amori Alkali Distillers-Seagrains
Nations Dairy Porn.
81%%%
National Levi
00
U.S. Gypsum
2214
National Steel Corp.
TH
New York Centro!
In
U.9, Rubber
Noranda Mines Lid,
41
Nurfolk & Western Rty.
UR. Steel
US Sineking
139
North Amer. Aviation
46
U.S. Steel
783%
Northwest Airlines (Com.)
Dupont de Nemours
108
Eastern Air Line
2214
Oklahama Nat. Gas
Olin Mathicran
ADT
$374
Erstman Kodak
Otly Elevators
484%
El Paso Natural Gaŋ
271
12
Fatally Finance Corp.
3116
Owen Illinots.Gloss
GI
Perre Corp.
43
BA
First Nat. City
25
Ford Motor
Georgia Pacie
19
General Dynamics
337
American Cable & Radio Corp.
款
по
American Oyanamid Co.....
-43
Foods
724
44
Procter & Gamble Co.
Cuh, Pub ưu
23
Pittsburgh Pinte Clora
17313
Gen. Tel. & Elec.
271
Portland Cen. Elec.
7214
Gen, Tyre & Rubber
8415
Publicker Industries
Gely on
25
Pullman
Pure OU
724 Glidden Co.
Goodrich (3. F.) Co.
42
20%
Goodyear Tyre
39
Great Northern Railway
43
Guță
Grumman Alteraft
33
Gulf Oil ............
273%
77
Hammond Organ
40
CA
Beyden Newport Corp.
2011
1545 Hiram Wolker ...............
259) Homestako Mining Co.
4719
Seare. Roebuck & Co.
Of tolul 1,231 shares traded 853 were higher and 203 lower. American Exchange votume was 980,000 shares.
Bonds $8.470,000,
voluing amounted to
Closing prices
Antibi Par, & Paper Alden Inc. Acy. Algoma Steel Corp. Allled Cheinteain Alled Mol Inc. Allis Chalmers An. Brake Shoe.. American Alline
Amer, & Foren. Power Am. Cat & Electric. Am. Home Prod. Aai Mach, & F'dry American Metal Am. Natural Con American Sinelung A. Sugar Ref. Aneticam Tel, & Tel. American Tab. Ampex Auconda Cepper Armeo Steck Armour Arberton Corp.
Crane Co...
Duinien Sicres Douglas Aircraft Dow Chemical
General Electric
General
General Motors
PAGO
Oxford Paper Co...
Pan American Airways
774 Paramount Pictures
Parke Davin Co
Penny 3. C. Ch
Penn. Sall Co.
Palp Morris
054 Pitney Bower
311 Union Pacific Railway
Aircraft
ted Frutt
United Cas Corp.
U.S. Foil "B"
U.S., Le Co.
Warner Bros.
PC. PF'
Westinghouse Air Brake
Westinghouse Electri Western Union Tet, Co. West Va. Tulp & Paper 6793 Winn-Dixie Stores
261
Woolworth (K
Zenith Radia
Radio Corporation Radio Corp. Pref.
Raytheon
Republie Steel,
Reynolds Metal
Reynolds Tounced
Royal Rank of Conada Royal Dutch
Rheem MR.
COMMODITY PRICES
SUGAR
NEW YORK
Cosing prices, all in cents per
"(u) that if the rate of dividend for the account-experts whose prognostications
ing year 1959/60 or any succeeding account-are only offered belatedly after lb.:
the event really knew what the ing year has been increased without the effect of the American elections Authority of the Governor beyond the latest will be. Almond every rate adopted or publicly forecast prior to 10th during Apr, 1969, such excess would be recoverable wavered in both directions un- from all persons who were Directors of your able to establish any trend, but without any significant change: Company at the time of the passing of the Confidence returned in the after- predominated Resolution of Directors authorising or recom- noon and gains mending such distribution?""
which reflected the strong anti alendy undertone of the market
Shareholders will see that without authority from in Hongkong. The approximate the Governor the Company's dividend cannot be higher turnover was 64 million. than that declared and paid in respect of the year 1957/58. Two applications were made for such
authority, the second one on 29th October, 1950. Both Unemployment
wore refused.
Accordingly notice is hereby given that the Directors of the China Light & Power Co., Ltd. will, be obliged to recommend at the Company's next Annual General Meeting a Final Dividend of 60 cents per share making a total of 41.10 per share for the year ended 80th September, 1980.
By Order of the Board of Directors, A. A. M. Onslow, Secretary & Chief Accountant, Hong Kong, 11th November, 1960.
rises in U.S."
Washington, 'Nov. 19. Unemployment in the United increased by 101,000 October
stote
to 3,579,000
LONDON
Mixed Contract
Closing prices all in pence per
Doc.
Mar.
B.:
May
Ho. Ras spot
2014-2011
July
Settlement house termi
Oct.
Jan/Mar.
2014-2011
Aprume
July/Sept.
Nov/Dec.
2015-2011
Geners! markets, a... basis, parta: Nov,
207-2011
2016-201
Estato crepe thin Dec... 2011-2013 thick Dee. 207-2014 AMSTERDAM
Closing prices all in guilders
an
Contrnet No. 4 (world)
Mar
132 3.11
3.12
July
3.40
Pent.
3.12
Nov.
340
Spot-(PAS. Cuba),
Total Sales; 28 contracte,
No. 1 rubber
Onen, interset: 1,913 contracts,
No, rubber
Contract No. 6 (domestic)
No. 3 rubber
Jon.
8.03
No. 1 crepe
Mar
6.95
Spot (CA. NY, ex-duty).
0,00
Total Bale; totus.
Oper interest: 163 contracts,—-—-UPI,
RUBBER
per kilogram, cit. Nov:
252 buyers
FOREIGN EXCHANGE
NEW YORK Closing rates:
2.31 buyerr Conada
243 buyers | Bigland official 2.70 buyer
-UPI
1
Aurkenkin
1.02 11/16
2.8100
2.6110
30-daya
19-days
2,000
New Zealauž
2.8303
28200
.020-130
1405
South Africa
Deletion
Berik
COTTON
NEW ORLEANS
Closing prices all in cents per Dwitzerland
NEW YORK
1b.:
Rex
rubber futures priers, all in cents per lb.:
Nav: 32; Jan; 31.10) Mar: 31: Moy: .20; July 30.70: Sept: 30.08.
BINGAPORE
closing
Hpni
Day.
Mar.
May
July
Oct
Closing prices all in Straita
Vee.
Mar
May
July
テレコキューポイズ
1b.:
American Contract
Dec.
Mar
in spite of normal tendency for cents per lb. fo.b, Malayon It to decline in mutuan,
ports; Some Democratic leaders said No. 1 Nov. Kuring the Tast days of the clee No. 1 Dec. No. Nov. Ton campaign that the pavert)= | No. 3 Nov. ment was deliberately holding No. 3 Nov.. back the tires because they No. Nov. "Wond tamin Vice-President Spot rubber anheled
Nixon's chanoes.—Beiber,
France
W. Germany
[follarit
Norway
Sweden
Irán
Pakatu
Hong
LONDON Cloping rates: New York {Montreal
Amsterd
Coproltaren Frandefurt
3210/10-281 41/10 2,741-2.7454
10,634-10,03
120.96-140.00
20.20-03.20
LIVERPOOL
Closing prices all in pence per bon
11.744-14741
........ 21.099-20.04%
14835-14.033
Mary
July
Maria Stockholm
£76731"-17673
1412
-UPI.
Holls-Royces
Standard Triumph 7, 1016. Unilever Ord-50 Gd. Woolworth Ord-61 ed.
Minor
De Beers Def-16 34. Petaling Tir-75 1344. Bowmaker On-25 M Canadian Pacife Ord-13334. Hongkong & China Galfs,
&. Steam Nav. Del. d.
Heuter.
Agreed merchant
rates
West German Deutschemacks, maximum selling 72-13/18.
Unit trust
First Hongkong Fund: Buyer Price: $1.01. Seller. Price: $1.07.
MOREandMORE
PEOPLE ARE OPENING
5%
BANK
DEPOSIT ACCOUNTS
with
LOMBARD BANKING
✔SAFETY NO Cepital Depreciation
√s
Your funds remain at your disposal.
INTEREST is calculated on a Deally Deals
*---l.a. your money is earning Interest from the day you deposti mafil the shy you with- drew..
SECURITY—The Bank's Caplis) and
Rosesres.
ASSETS EXCEED £100,000,000
Interest paid without deduction of Untral Kingdom
Income Tax
Write today to the General Manager far your copy
•óf**Bank Deporft Account" booklet No. AÕ,14.
LOMBARD BANKING
LIMITED BANKERB
Hand Oficat LOMBARD MORE, CURTON STREET
»PARN DANE,'COMMON W.J Talophane:1 th@ 41ST (1Save
Alteclated Bont LOMBARD HANKKU CAN TASTETO
19.0 901 2530JEDOD FLOWI FAMAZON MODEL, KAFFARI SAY
(4 World-Write Dunkcine and Plainsy Ormuslimsko (1)